Navi’s FY26 losses up fourfold to Rs 466 crore on massive UPI push

Navi reported a notable increase in net losses for FY26, largely attributed to its strategic investments in UPI and new market initiatives.

Despite this setback, the company projects a turnaround to profitability in FY27.

UPI is recognised as a vital mechanism for attracting customers, and lending remains a core source of revenue.